#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver for new customers who choose to receive funds from FTX, allowing them to buy up to $50,000 worth of crypto for free on Kraken Pro. This move aims to help FTX creditors more conveniently reinvest the funds they receive back into the crypto market. Kraken said new users who choose Kraken to receive funds from FTX will receive a certain amount of Kraken Fee Credits (KFEE), which will be credited to their accounts upon receipt of the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for new clients receiving funds from FTX, up to $50,000. This is part of Kraken's efforts as one of the partners distributing funds to FTX creditors, aiming to help users reinvest their received USD funds into crypto. Kraken stated that since these payouts will be in USD, they want to minimize the cost for users to reinvest this money into crypto, hence new Kraken users receiving funds from FTX will receive a fee waiver, allowing them to purchase up to $50,000 worth of crypto on Kraken Pro without any trading fees. Specifically, users will receive a certain amount of Kraken Trading Fee Credit (KFEE) based on the amount of funds received, which will be credited to their accounts upon receiving the FTX distribution. This initiative aims to attract FTX creditors to choose the Kraken platform and provide them with a more convenient reinvestment pathway.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Kraken offers trading fee waivers to FTX creditors, aiming to reduce the cost for users to reinvest their funds into crypto.
Kraken's move aims to attract FTX creditors as users of its platform and encourage them to use the received funds for crypto investments.
Kraken offers up to $50,000 in trading fee waivers to attract users to its platform for crypto trading.
Kraken's move could help boost the development of the crypto market and attract more users to participate in crypto trading.